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Deng, 31, has spent the past two seasons with the Miami Heat. He averaged 12.3 points, 6.0 rebounds and 1.9 assists per game last season, and will provide veteran leadership to a young Lakers squad.

He was the seventh overall pick in 2004 by the Chicago Bulls and has averaged 15.5 points, 6.2 rebounds and 2.4 assists in his 12-season NBA career. Deng was an All-Star during the 2011-12 and 2012-13 seasons with the Bulls.